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The Co-evolution of Technology and Institutions in the Catch-up Process: The Case of the Semiconductor Industry in Korea and Taiwan

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  • Hye-Ran Hwang
  • Jae-Yong Choung

Abstract

This paper explores the industrial specialisation of latecomer countries, particularly Korea and Taiwan, which are often referred to as successful catch-up cases. The traditional wisdom is that the 'developmental state', resource leverage, and technological sophistication in an export-oriented strategy have been the factors for success. However, firm strategies and a supportive government are not sufficient to explain the different features of catch-up patterns. In this paper we propose that differences in industrial specialisation of catch-up countries are attributable to the interaction between technological characteristics and institutional settings, including corporate organisation, industrial structure, and the role of the public sector.

Suggested Citation

  • Hye-Ran Hwang & Jae-Yong Choung, 2014. "The Co-evolution of Technology and Institutions in the Catch-up Process: The Case of the Semiconductor Industry in Korea and Taiwan," Journal of Development Studies, Taylor & Francis Journals, vol. 50(9), pages 1240-1260, September.
    • Handle: RePEc:taf:jdevst:v:50:y:2014:i:9:p:1240-1260
    DOI: 10.1080/00220388.2014.895817
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    References listed on IDEAS

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    1. Michael Hobday, 1995. "Innovation In East Asia," Books, Edward Elgar Publishing, number 226.
    2. Alice H. Amsden & Wan-wen Chu, 2003. "Beyond Late Development: Taiwan's Upgrading Policies," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011980, April.
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    Cited by:

    1. Byeongdeuk Jang & Jae-Yong Choung & Inje Kang, 2022. "Knowledge production patterns of China and the US: quantum technology," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(10), pages 5691-5719, October.
    2. Qiao Guangshun & Lu Yulin, 2024. "Operating Efficiency in the Capital-Intensive Semiconductor Industry: A Nonparametric Frontier Approach," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 18(1), pages 1-17, January.

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